China’s,Emission,Statement
By Lan Xinzhen
Chinas carbon emission trading was formally launched at the Shanghai Environment and Energy Exchange on July 16， marking a tangible step toward the goal of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060.
Chinas per-capita GDP is far lower than that of other industrialized countries and its short history of industrialization is maybe responsible for much less damage to the planets climate than theirs.
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However， China is quick to take on the mission of carbon emission reduction.
The worlds largest market
Carbon emission trading means that greenhou gas emission rights are traded as modities. Companies are granted certain emission allowances， and tho who relea less than the allowance can ll their surplus；青花瓷的故事
tho emitting more than permitted will have to pay their overdues. The ultimate goal is to contain the total amount of carbon emissions around the world.
Among Chinas various industries， the biggest emitter is the power industry， responsible for 43 percent of carbon emissions， equal to more than 4 billion metric tons of carbon dioxide. Thus， more than 2，000 enterpris from the power industry are involved in carbon emission trading.
Chinas carbon market， the largest in the world in terms of size， prents huge business opportunities. Its estimated that carbon trading this year has thus far reached some 250 million， or even 300 million tons， at a value of roughly 16 billion yuan （$2.5 billion）.
The price of carbon trading is crucial to the market. The transaction price on the first day in Shanghai stood at around 51.2 yuan （$8） per ton， as expected. Extreme high or low prices are inappropriate. Too low， many enterpris enthusiasm for cutting emissions will be dampened；平凡的
too high， some big emitters will break down as they can no longer afford the payments. A reasonable price will help encourage enterpris to actively reduce their emissions.我们都快乐
In the short term， carbon trading pricing will unlikely witness any big volatility as it mainly relies on the demand and supply of carbon emission quotas. However， in the long run， it hinges on the countrys overall economic performance. As the volume and the price of the carbon emission trade are notably lower than international levels， Chinas carbon trading price may well go up in the mid-and-long term.
Apart from the power ctor， in the ing five years， dozens of high-energyconsuming ctors like the chemical industry， construction material， iron and steel， and civil aviation will be adopted into the carbon trading market. By then， Chinas carbon emission market will be worth around 150 billion yuan （$23.4 billion）. There is huge potential for this market. The application of carbon capture and storage technology， green chemicals， and non-fossil-fuel energy is likely to trigger disruptive innovation and
incur huge investment. Together with derivatives like carbon futures， Chinas carbon emission trading is expected to reach 600 billion yuan （$93.7 billion）.
Economic impact
Some people e carbon emission reduction and economic development as foes. This is not necessarily the ca. Carbon reduction is an impetus for Chinas green and high-quality development， becau advanced science and technology born in the process of emission reduction can also help promote future investment and economic growth.
China is t to develop into a modern socialist country in all respects by 2049 and achieve carbon neutrality before 2060. The two goals have pod big challenges to Chinas economic transition. However， on the other hand， carbon emission trading pels enterpris to accelerate economic transition and increa their input in science and technology rearch.
In the short run， big emitters like the power， steel and auto industries will bear the b
runt of carbon emission reduction， as carbon emission quotas will take a direct toll on their performance.
帽子折纸 As a result， lets take the power industry as a ca in point：
Power plants will surely change their structures. Fossil fuels， like coal， will be cut；
non-fossil energy will e the better choice. Reined in by the goal of carbon neutrality， the total consumption of fossil fuels， such as coal， is thus brought under control， but power demand will inevitably ri along with rapid economic growth. In turn， power plants will have to rely on other clean energy sources， like wind and solar power.怀孕不能吃的东西有哪些
Lessons to be learned
物理八上知识点 Chinas carbon emission trading is still in its nascent stages， but the world already has a few mature examples. Until now， 21 carbon emission trading systems are fully operational around the globe， covering 10 percent of the worlds total carbon emissions. Particularly， the carbon emission trading markets in the EU may offer a bespoke templa甲状腺的症状
te for China in terms of the overall structure， product design， standards and operations.
